Big Lots is under new ownership after a last-minute sale went through that will seemingly keep hundreds of stores in operation and prevent thousands of layoffs. The Columbus, Ohio-based retailer announced this month it closed a previously announced sale agreement with Gordon Brothers Retail Partners.

Big Lots Inc. has a new owner and operator. Big Lots Inc. has a new owner and operator. The acquisition by Boston-based Gordon Brothers has closed, putting the long-time Columbus retailer in the hands of the retail-focused investment firm.

Gordon Brothers' purchase of Big Lots Inc. was completed Jan. 9, according to a press release from the firm, but the agreement was announced Dec. 27. Big Lots filed for Chapter 11 bankruptcy in September and has already closed or sold leases for hundreds of stores as part of that process.

From clothing chains to restaurants and furniture stores, dozens of companies went bankrupt in 2024, with multiple filings impacting Ohio consumers. The most recent data available shows bankruptcy filings in America totaled to 504,

Big Lots is under new ownership after a last-minute sale went through that will keep hundreds of stores in operation and prevent thousands of layoffs.

The Columbus, Ohio-based retailer announced this month it closed a previously announced sale agreement with Gordon Brothers Retail Partners. The agreement will enable Variety Wholesalers to acquire between 200 and 400 Big Lots stores, which it plans to operate under the Big Lots brand, and up to two distribution centers.

Gordon Brothers supported the transaction by helping Big Lots secure a $200 million delayed draw term loan and a $150 million debtor-in-possession term loan.

Big Lots, Inc. (the “Company”) today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers Retail Partners, LLC (“Gordon Brothers”) that will enable Variety Wholesalers,

Joann Fabrics could be going out of business amid bankruptcy if a buyer isn't found. Here are the Ohio and Northern Kentucky stores that might close.

Another retailer is joining the likes of Big Lots, Party City and more in filing for bankruptcy. But its stores are open – for now.

Notre Dame head coach Marcus Freeman and his brother Mike grew up Ohio State fans, but the Fighting Irish leader will have his family's support heading into the national title against the Buckeyes

Thank you for reporting this station. We will review the data in question. You are about to report this weather station for bad data. Please select the information that is incorrect.